Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Rehabilitation Centre for handicapped by Manovikas Kendra - 369/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Rehabilitation Centre for handicapped by Manovikas Kendra NOTIFICATION NO. 369 Dated 9th December. 2002 Whereas by notification of the Government of India in the Ministry of Finance number S.O.617(E) dated the 10'h August, 1992, issued under sub-section(l) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 3, for Rehabilitation Centre for handicapped by Manovikas Kendra, Calcutta as an eligible project or scheme for a period of three years beginning with assessment year 1993-1994 which was extended further vide notification number S.0.580(E) dated 27th June, 1995 for a period of three years beginning with assessment year 1996-1997, which was extended further vide Notification No. S.0.702 (E) dated 3rd October, 1997 for a period of three years beginning with assessment year 1997-1998 and which was extended further vide Notification No. S.0. 12(E) dated 4th January, 2000 for a period of two years beginning with assessment year 2000-2001; And whereas, the said project or scheme is likely to extend beyond eleven years; And whereas, the National Committee, being satisfied that the project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules 1962 for specifying the said project or scheme for a further period of one year; Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of. Rehabilitation Centre for handicapped which is being carried out by Manovikas Kendra, Calcutta at the estimated cost of rupees four crores only as an eligible project or scheme for a further period of one year commencing from the assessment year 2002-2003; Sd/- (G.C.Srivastava) Secretary (National Committee) F.No.NC-113/2002